HERITAGE Oil's shareholders today approved the controversial sale of the company's assets in Uganda to Tullow Oil as the African country's government revealed that China's Cnooc was interested in teaming up with Tullow.
Heritage Clip on hair extensions had been Hair extensions trying to sell the stakes in its Ugandan interests to Eni of Italy, but Tullow moved in, exercising previous pre-emption rights that it had to buy them.
Uganda said today it would reach a decision in the coming weeks on the process. The government is divided over whether to allow Eni or Tullow to
embroidered patches buy the stakes. Uganda's energy minister has criticised Tullow for not living up to its "contractual obligations" and has said the government supported the Eni bid.
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